Monroe Capital (NASDAQ:MRCC) Rating Increased to Buy at StockNews.com

Monroe Capital (NASDAQ:MRCC) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Thursday.

Separately, B. Riley downgraded Monroe Capital from a “neutral” rating to a “sell” rating and set a $7.25 price target on the stock. in a research note on Wednesday, December 11th.

Monroe Capital Price Performance

Shares of NASDAQ:MRCC opened at $8.01 on Thursday. Monroe Capital has a 52 week low of $6.77 and a 52 week high of $8.74. The company has a 50-day moving average price of $8.25 and a 200 day moving average price of $7.90. The company has a market cap of $173.58 million, a P/E ratio of 13.35 and a beta of 1.04. The company has a quick ratio of 4.37, a current ratio of 4.37 and a debt-to-equity ratio of 1.49.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Magnolia Capital Advisors LLC acquired a new stake in shares of Monroe Capital in the 2nd quarter worth approximately $3,138,000. International Assets Investment Management LLC grew its holdings in Monroe Capital by 708.0% in the third quarter. International Assets Investment Management LLC now owns 220,600 shares of the financial services provider’s stock valued at $1,782,000 after purchasing an additional 193,298 shares during the last quarter. Commonwealth Equity Services LLC increased its position in shares of Monroe Capital by 2.8% in the second quarter. Commonwealth Equity Services LLC now owns 138,069 shares of the financial services provider’s stock valued at $1,051,000 after buying an additional 3,749 shares in the last quarter. HB Wealth Management LLC raised its stake in shares of Monroe Capital by 6.7% during the 2nd quarter. HB Wealth Management LLC now owns 53,323 shares of the financial services provider’s stock worth $406,000 after buying an additional 3,356 shares during the last quarter. Finally, Ritholtz Wealth Management boosted its position in shares of Monroe Capital by 162.7% in the 2nd quarter. Ritholtz Wealth Management now owns 40,394 shares of the financial services provider’s stock worth $307,000 after buying an additional 25,016 shares in the last quarter.

Monroe Capital Company Profile

Monroe Capital Corporation is a business development company specializing in customized financing solutions in senior, unitranche and junior secured debt, subordinated debt financing and to a lesser extent, unsecured debt and equity, including equity co-investments in preferred and common stock and warrants.